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Financial Services

Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.

 

Experian acquires KYC360 as firms seek streamlined financial compliance

Compliance and identity verification providers are stepping up with new solutions to meet mounting regulatory pressures and evolving fraud risks….

 

Socure expands RiskOS platform with AI suite, partners with Markazz

As digital identity and compliance demands intensify across industries, Socure is ramping up its investments in its solutions. The digital…

 

Incode, Prove unveil identity layers to secure AI agent transactions

As AI agents begin to act independently across digital platforms, the need for secure, verifiable identities is becoming urgent. Incode…

 

Idemia works to eliminate SMS OTPs with identity bound to SIM cards

Idemia Public Security has entered a strategic partnership with SLC Digital to deliver identity verification with credentials protected by trusted…

 

New Android trojan tries to act human to steal your money

A newly discovered Android trojan named Herodotus is using human-like behavior to trick banks’ security systems and drain user accounts….

 

GBG launches onboarding platform to accept reusable digital IDs

GBG has unveiled a new platform that allows businesses to verify customer identities using trusted digital IDs from around the…

 

Trulioo grows KYB services in North American market with enhanced platform

Trulioo has gotten big, fast. The digital identity company, which is based in Vancouver, Canada, has stormed the North American…

 

Scams overtake $1 trillion as AI supercharges global fraud networks: BioCatch

Scams have overtaken all other forms of fraud to become the most financially devastating threat to consumers and financial institutions…

 

Norway testing homomorphic encryption with Mobai for biometric template protection

Norwegian banks reported losses of 930 million Norwegian crowns (US$92.7 million) related to financial fraud in 2023 and the problem…

 

SmartSearch scores AML integrations with accounting, legal compliance firms

UK anti-money laundering (AML) and compliance tech provider SmartSearch has announced a strategic partnership with T-Tech, a specialist technology consultancy…

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